Asia-Pacific Fat Replacers Market, By Type (Carbohydrate-Based, Protein-Based, And Fat-Based), Source (Plant And Animal), Category (Clean-Label And Conventional), Form (Liquid And Dry), Application (Bakery, Dairy Products, Sauces, Soups, & Dressings, Convenience Foods, Processed Food, Confectionery, Processed Meat, Functional Food And Others), Country (China, India, Japan, Australia, Indonesia, Singapore, South Korea, Malaysia, Thailand, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Asia-Pacific Fat Replacers Market
Asia-Pacific fat replacers market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.8% in the forecast period of 2022 to 2029 and is expected to reach USD 799.39 million by 2029. Growth in usage of fat replacers in bakery, dairy, and frozen products is expected to drive the market growth.
Fat replacers, also known as fat substitutes, are substances that replace all or portion of the fat in a diet while maintaining the same taste, texture, and mouth feel as the original full-fat food. Fat is not a single substance, but rather a collection of various substances made up of a glycerol molecule and three separate fatty acids. It is an essential component of a healthy diet. It contains the building blocks for prostaglandins, contains essential fatty acids, helps control cholesterol metabolism, transports fat-soluble vitamins and carotenoids throughout the body, and offers nine calories of energy per gram.
Fat replacers are compounds that are used to replace fat in a variety of foods and beverages. The majority of fat substitutes are reformulated versions of existing food components (starches, gums, cellulose, and others).
Fat can be found in almost any food. It imparts a distinct texture, flavor, and aroma to the dish in which it is present. While fat is necessary for life, it can be harmful to one's health if consumed in excess of physiological requirements. Diets high in fat raise the risk of heart disease, weight gain, and several cancers. The use of fat replacers in food products allows for the retention of the food's original quality characteristics while avoiding the risks associated with fat consumption. The fat replacers market is gaining significant growth due to increasing awareness among people about excessive consumption of fat, growing health consciousness among people. Increasing participation of people in weight loss management programs, growing government regulations associated with limit on daily consumption of fat, and growing usage of fat replacer in bakery, dairy, and frozen products are also boosting the growth of the global fat replacers market. However, unfavorable taste when compared to fats, and nutrition problems associated with fat substitutes are expected to restrain the growth of fat replacers market during the forecast period. Increase in consumption of convenience food and a large number of people opting dairy-free diets, and increase in research & development of fat replacers will create opportunity for the market in the forecast period. However, high prices of fat replacer products and adverse effects of fat replacers can create a massive challenge for the market.
The Asia-Pacific fat replacers market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Fat replacers market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Fat Replacers Market Scope and Market Size
Asia-Pacific fat replacers market is segmented into five notable segments based on type, source, category, form, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the Asia-Pacific fat replacers market is segmented into carbohydrate-based, protein-based, and fat-based. In 2022, the carbohydrate-based segment is expected to dominate the fat replacers market due to growing demand for carbohydrate based fat replacer to mimic some of the properties of conventional fats.
- On the basis of source, the Asia-Pacific fat replacers market is segmented into plant and animal. In 2022, plant segment is expected to dominate the market due to growing vegan and vegetarian population across the globe.
- On the basis of category, the Asia-Pacific fat replacers market is segmented into clean label and conventional. In 2022, the clean label segment is expected to dominate the fat replacers market due to growing consumption of clean label ingredients.
- On the basis of form, the Asia-Pacific fat replacers market is segmented into liquid and dry. In 2022, dry segment is expected to dominate the fat replacers market as dry form fat replacers are easy to use and maintain as compared to liquid form fat replacers.
- On the basis of application, the Asia-Pacific fat replacers market is segmented into bakery, dairy products, sauces, soups, & dressings, convenience food, processed food, confectionery, processed meat, functional food, and others. In 2022, the bakery segment is expected to dominate the fat replacers market due to increasing demand for healthy snack foods with reduced fat content.
Dry segment in China is expected to grow with the highest growth rate in the forecast period of 2022 to 2029 owing to growing consumption and production of food applications that utilize fat replacers. Dry segment in Japan is growing at a significant rate due to increase in participation of people in weight loss management programs. India is fastest growing country of the Asia-Pacific market and dry segment is dominating in this country owing to rising health consciousness among people.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Players to Enhance Awareness for Fat Replacers is Boosting the Market Growth
The Asia-Pacific fat replacers market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.
Competitive Landscape and Fat Replacers Market Share Analysis
Asia-Pacific fat replacers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the company’s focus related to fat replacers market.
The major companies which are dealing in the Asia-Pacific fat replacers market are Cargill, Incorporated, ULRICK&SHORT, Ingredion Incorporated, CP Kelco U.S., Inc, BENEO, Wilmar International Ltd, JELU-WERK J. Ehrler GmbH & Co. KG, Grain Processing Corporation, Corbion, Dupont, AVEBE, Ashland, Tate & Lyle, Kerry, among others domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many contracts and agreements are also initiated by the companies worldwide, which are further accelerating the Asia-Pacific fat replacers market growth.
For instance,
- In October 2021, Tate & Lyle made distribution agreement with IMCD, a global leader in the sales, marketing, and distribution of specialty food ingredients and flavors in Italy. This agreement has helped the company in regional expansion
Collaborations, product launches, business expansions, awards and recognitions, joint ventures, and other strategies by the market players are enhancing the companies’ footprints in the Asia-Pacific fat replacers market.
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